In 2021, bitcoin and ether have seen huge rallies. In April 2021, the cryptocurrency market topped $2 trillion in value for the first time.

Jaap Arriens | NurPhoto | Getty Images

SINGAPORE — Bitcoin prices dropped sharply on Saturday afternoon, plunging more than 10% to hit a low of over $43,000.

It pared some losses by around 2.30 p.m. HK/SIN, last at around $47,607. Still, the world’s largest cryptocurrency has dropped over 16% in the past 24 hours, according to Coindesk.

The price of ether also dived. On Saturday afternoon, it also dropped over 10% to a low of over $3,500. Losses fell back after that, last trading at $3,887.96, as of 2.30 p.m. HK/SIN.

Ether, the world’s second-largest digital coin by market value, has lost over 14% over the past 24 hours, according to Coindesk.

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